CryptoCurrencies
17323
Exchanges
500
Total Market Cap
3,294,567,989,487
Volume 24h
238,411,238,544
Dominance
BTC 61.35%   ETH 8.23%   USDT 4.73%   XRP 3.63%

Overnight Finance
OVN

0.3831
$
15.18 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 11,167
OVN
$
# Exchange Pair Price Volume 24h

Description

At the core of Overnight is the concept of stablecoin-based DeFi. The platform introduces stablecoins like USD+, DAI+, and USDT+ that are designed to maintain a stable value relative to their underlying assets. These stablecoins serve as foundational building blocks for users to access various opportunities within the DeFi landscape. Overnight.fi is a protocol focusing on asset management, with a specialization in neutral-risk strategies. At the heart of its product line is USD+, which is a yield-driven stablecoin, fully backed by collateral. This collateral for USD+ is rooted in DeFi strategies that generate returns. These strategies encompass lending to platforms like Aave, and include both stablecoin-to-stablecoin and neutral-risk strategies. The goal of issuing OVN is twofold: Promote and popularize USD+, which is achieved with using OVN for bribes; Establish a robust & decentralized risk monitoring and management processes at the protocol level. OVN token will provide standard voting rights which will be key to realizing the vision of decentralized risk-management. OVN token should help align community incentives with this goal: to reward for supporting conservative risk decisions, and for vetoing aggressive ones.